LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has extended the exclusivity and due diligence period with Trafigura Canada Ltd. through Aug. 31, 2026, as the companies continue to advance proposed definitive agreements for a non-dilutive prepayment facility of up to C$30 million and a related gold doré offtake agreement, according to a press release. The deal is intended to support development of the Swanson Gold Deposit and the restart of the Beacon Gold Mill in Québec. The extension allows for additional technical due diligence, including a planned site visit to the mill and deposit, along with completion of definitive documentation and required approvals.
LaFleur also reported that refurbishment of its wholly owned Beacon Gold Mill has reached approximately 84% completion as of July 1, 2026, and remains on budget. Major work on the crushing, grinding, filtration, ore-storage and thickening circuits has been substantially completed. Remaining work focuses on the leaching circuit, refinery commissioning and supporting infrastructure. Subject to delivery of remaining equipment and other conditions, the company expects to complete mechanical work and begin staged commissioning using existing stockpiles during the fourth quarter of 2026.
The Beacon Gold Mill has a capacity of over 750 tonnes per day and is being considered for processing mineralized material from the Swanson Gold Project and for custom milling operations for other nearby gold projects. The Swanson Gold Project, located in the Abitibi Gold Belt near Val-d’Or, Québec, encompasses approximately 19,214 hectares and includes several gold and critical metals prospects previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits.
This announcement matters because it signals continued progress toward financing and restarting a key gold mill in a prolific mining district. The extension with Trafigura, a major global commodities trader, suggests confidence in the project’s viability. If finalized, the non-dilutive prepayment facility would provide LaFleur with up to C$30 million without diluting existing shareholders, a crucial advantage for a development-stage company. The offtake agreement would also secure a buyer for future gold production, reducing market risk.
For the mining industry, the restart of the Beacon Gold Mill could provide custom milling services to other nearby projects, potentially reducing costs and development timelines for junior miners in the region. The mill’s proximity to the Swanson deposit, accessible by road, enhances its strategic value. The completion of refurbishment on budget and schedule is a positive indicator for project execution.
The company recently released results of a positive Preliminary Economic Assessment (PEA) for the Swanson Gold Project and the planned restart of the Beacon Gold Mill (refer to press release dated March 3, 2026). Investors can find the latest news and updates on LaFleur Minerals at http://ibn.fm/LFLRF.
